TOH: Safeguarding the Future of He Supply In the face of an escalating helium shortage and increasing global demand, Total Helium Ltd. (Ticker: TOH.v OTCQB:TTLHF) is taking proactive measures to secure the future of helium supply. With a focus on exploration, production, and storage, TOH aims to position the United States as a key player in the global market.
Source: https://www.morningstar.com/news/accesswire/756632msn/the-worlds-supplies-of-the-non-renewable-resource-helium-are-running-out-total-helium-otcqb-ttlhf-says-it-has-the-solution
As the demand for helium continues to rise, driven by advancements in various industries, such as semiconductors, fiber optics, aeronautics, and medical devices, TOH recognizes the need for reliable and sustainable helium supply. The recent "Helium shortage 4.0" crisis, caused by supply chain failures and disruptions in major helium-producing countries, has led to soaring prices and supply rationing, affecting scientific research and industries worldwide.
To combat these challenges, TOH has strategically acquired a 50% ownership stake in the helium-rich Pinta South project in Arizona's Holbrook Basin. With plans to establish over 20 operational wells by the second quarter of 2023, TOH aims to significantly contribute to helium production in North America. The project's high helium concentration, ranging from 5% to 8%, sets it apart from the industry average.
Recognizing the importance of a comprehensive supply chain solution, TOH has announced a joint venture to establish a state-of-the-art salt cavern helium storage facility. This move towards vertical integration further strengthens TOH's position as a reliable supplier. Notably, the U.S. Federal Helium Reserve's decision to exit the helium business emphasizes the significance of TOH's storage site in ensuring a stable helium supply.
As the demand for helium transcends various industries, TOH emerges as a crucial player in securing the future of helium supply. With strategic acquisitions, ambitious production plans, and a focus on vertical integration, TOH aims to safeguard industries and reestablish the United States as a prominent contributor to the global helium market.
Make sure to check out the article above for more information. Posted on behalf of Total Helium Ltd.